Tracking a sluggish lead from global peers, Indian markets slumped at start. Benchmarks sagged further amidst negative sentiments ahead of Q1 CAD data release. Both frontline gauges crashed nearly 1.7% and ended near day’s low level. Among BSE sectorials, Capital Goods was the top laggard followed by Bankex.

1. Markets slump ahead of Q1 CAD data release
Market Summary
30-Sep-2013
Tracking a sluggish lead from global peers, Indian markets slumped at start. Benchmarks sagged further amidst
negative sentiments ahead of Q1 CAD data release. Both frontline gauges crashed nearly 1.7% and ended near day’s
low level. Among BSE sectorials, Capital Goods was the top laggard followed by Bankex.
On global front, US markets tanked on debt ceiling worries and mixed economic reports. Asian and European indices
too tumbled on negative cues from US markets.
Back home, ING Vysya Bank rallied 5.11% on BSE as the ING group NV is seeking buyer to sell 43% stake in the
bank.
Spice Jet slumped 10% on BSE after the company’s auditors showed concerns over company’s networth. Auditors
said that the operating losses have been materially affected due to factors like higher maintenance charges, fuel costs
etc.
Financial Technologies (FT) and MCX tanked 6.43% and 5% respectively on BSE on reports that government may
launch an inquiry against the FT Group based on the findings of multiple agencies and regulators investigating
National Spot Exchange Ltd (NSEL).
Glenmark Pharma shined 1.55% on BSE as the company’s US based subsidiary (Generics Inc., USA) received an
approval from United States Food and Drug Administration (USFDA) for Hydrocortisone Butyrate Cream USP. (Read
More)
Mphasis gained 1.8% on BSE on receiving an approval for merger of MphasiS FinsourcE, a wholly owned subsidiary,
with itself. (Read More)
The market breadth on the BSE closed in negative. Advancing and declining stocks were 922 and 1433 respectively,
while 144 scrips remained unmoved.
The S&P BSE Sensex ended at 19379.77, down 347.50 points or 1.76%. The 30 share index touched a high and a
low of 19651.31 and 19320.73 respectively. 5 stocks advanced against 25 declining ones on the benchmark index.
The CNX Nifty lost 97.90 points or 1.68% to settle at 5735.30. The index touched high and low of 5810.20 and
5718.50 respectively. 9 stocks advanced against 41 declining ones on the index.
S&P BSE Sensex CNX Nifty
The S&P BSE Mid-cap index moved down to 5605.98 and lost 0.28% while S&P BSE Small-cap index hammered
down by 0.56% to 5466.24.
The broader S&P BSE 500 index decreased to 7019.96 (down 1.38%) and CNX 500 index declined to 4392.05 (down
1.43%).
The volatility as denoted by INDIA VIX gained 10.76% at 26.65 from its previous close of 24.06 on Friday.
Sectors in action
On the BSE Sectorial front, Information Technology (up 0.06%) was the top gainer.
Capital Goods (down 2.92%), Banks (down 2.84%) and Metals (down 2.44%) were the top losers.
The Angels and the Devils
Hindustan Unilever Ltd (up 1.06%), Sun Pharmaceutical Industries Ltd (up 0.47%), Infosys Ltd (up 0.30%), NTPC Ltd
(up 0.27%) and GAIL (India) Ltd (up 0.09%) were the top gainers on the Sensex.
Tata Steel Ltd (down 5.65%), Bharat Heavy Electricals Ltd (down 4.58%), ICICI Bank (down 4.15%), Coal India Ltd
(down 3.92%) and Larsen And Toubro Ltd (down 3.53%) were the top losers on the Sensex.
Benchmark Drivers

2. ITC Ltd (-56.61 points), ICICI Bank (-52.67 points), Reliance Industries Ltd (-37.73 points), HDFC Bank (-36.50 points)
and Housing Development Finance Corporation Ltd (-33.65 points) were the major Sensex drivers today.
On the other end ICICI Bank (-13.73 points), ITC Ltd (-12.45 points), Reliance Industries Ltd (-9.32 points), HDFC
Bank (-9.09 points) and Housing Development Finance Corporation Ltd (-8.84 points) were the major Nifty movers
today.
Pivot, Supports and Resistance Levels
CNX Nifty is now pivoted at 5755 for next session. The next support is at 5699 and on upside it has a resistance at
5791 levels.
CNX Nifty
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
01-Oct-2013 5607 5663 5699 5755 5791 5846 5883 -
30-Sep-2013 5709 5764 5799 5854 5888 5944 5978 5735.30
27-Sep-2013 5805 5834 5858 5888 5912 5942 5965 5833.20
S&P BSE Sensex has a pivot at 19451 with first level of support and resistance at 19250 and 19580 respectively.
S&P BSE Sensex
Eff. Date S 3 S 2 S 1 PIVOT R 1 R 2 R 3 Actual Close
01-Oct-2013 18919 19120 19250 19451 19580 19781 19911 -
30-Sep-2013 19300 19487 19607 19794 19914 20102 20222 19379.77
27-Sep-2013 19645 19736 19815 19906 19985 20076 20155 19727.27
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